Fiscal reaction functions for European Union countries by Katia Berti, Eugeniu Colesnic, Cyril Desponts, Stéphanie Pamies and Etienne Sail published by European Economy (4/2016). “…However, for most countries, results generally corroborate the summary medium-term sustainability risk assessment made by the European Commission services (2016) based on more traditional debt projection scenarios and sensitivity tests. The paper also identifies a set of countries that are potentially at risk of fiscal fatigue.”
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